S 
Songz Automobile Air Conditioning Co 002454.SZ · CNY
Consumer Discretionary · Shenzhen · 🇨🇳 China
4.56
+0.88%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥5.63bn
FY2016FY2025
Net income
CN¥247.4m
FY2016FY2025
Free cash flow
CN¥439.0m
FY2016FY2025
Shareholders' equity
CN¥4.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.63bn | CN¥5.00bn | CN¥4.76bn | CN¥4.23bn | CN¥4.12bn | CN¥3.38bn | CN¥3.41bn | CN¥3.69bn | CN¥4.17bn | CN¥3.24bn |
| Gross profit | CN¥979.0m | CN¥749.7m | CN¥749.2m | CN¥754.7m | CN¥758.3m | CN¥743.9m | CN¥908.3m | CN¥915.2m | CN¥1.17bn | CN¥808.8m |
| Research and development | CN¥294.3m | CN¥281.2m | CN¥280.3m | CN¥270.1m | CN¥253.2m | CN¥205.1m | CN¥211.8m | CN¥237.0m | CN¥200.2m | CN¥154.3m |
| Operating income | CN¥323.4m | CN¥178.4m | CN¥133.5m | CN¥124.9m | CN¥161.5m | CN¥227.4m | CN¥188.8m | CN¥69.4m | CN¥442.8m | CN¥269.2m |
| Net income | CN¥247.4m | CN¥136.5m | CN¥99.8m | CN¥94.9m | CN¥112.6m | CN¥246.9m | CN¥176.4m | CN¥176.0m | CN¥366.1m | CN¥234.1m |
| Diluted earnings per share | 0.38 | 0.22 | 0.17 | 0.14 | 0.23 | 0.37 | 0.28 | 0.32 | 0.42 | 0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.65bn | CN¥8.12bn | CN¥7.37bn | CN¥7.05bn | CN¥6.93bn | CN¥6.55bn | CN¥5.81bn | CN¥5.90bn | CN¥6.15bn | CN¥4.81bn |
| Cash and short-term investments | — | CN¥2.32bn | CN¥2.05bn | CN¥1.60bn | CN¥1.63bn | CN¥1.22bn | CN¥823.4m | CN¥495.5m | CN¥466.6m | CN¥479.7m |
| Total liabilities | CN¥4.11bn | CN¥3.70bn | CN¥3.03bn | CN¥2.86bn | CN¥2.82bn | CN¥2.47bn | CN¥2.08bn | CN¥2.32bn | CN¥2.79bn | CN¥1.89bn |
| Debt | — | CN¥34.3m | CN¥54.8m | CN¥58.9m | CN¥47.5m | CN¥900.6m | CN¥779.4m | CN¥60.0m | CN¥200.0m | CN¥1.4m |
| Shareholders' equity | CN¥4.01bn | CN¥3.92bn | CN¥3.83bn | CN¥3.75bn | CN¥3.69bn | CN¥3.64bn | CN¥3.43bn | CN¥3.30bn | CN¥3.12bn | CN¥2.79bn |
| Shares outstanding | 645m | 633m | 603m | 656m | 489m | 676m | 638m | 542m | 875m | 539m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥579.5m | CN¥500.0m | CN¥368.4m | CN¥151.8m | CN¥562.8m | CN¥486.5m | CN¥245.9m | CN¥504.6m | CN¥347.6m | CN¥217.6m |
| Capital spending | −CN¥140.5m | −CN¥82.2m | −CN¥182.1m | −CN¥180.7m | −CN¥201.1m | −CN¥88.8m | −CN¥144.2m | −CN¥226.4m | −CN¥294.5m | −CN¥211.9m |
| Free cash flow | CN¥439.0m | CN¥417.7m | CN¥186.2m | −CN¥28.9m | CN¥361.7m | CN¥397.7m | CN¥101.7m | CN¥278.3m | CN¥53.2m | CN¥5.7m |
| Dividends paid | −CN¥152.2m | −CN¥38.2m | −CN¥48.6m | −CN¥95.7m | −CN¥50.3m | −CN¥23.7m | −CN¥21.9m | −CN¥70.0m | −CN¥27.8m | −CN¥36.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.35bn | CN¥1.20bn | CN¥1.76bn | CN¥1.38bn | CN¥1.28bn | CN¥1.21bn | CN¥1.41bn | CN¥1.35bn |
| Gross profit | CN¥234.4m | CN¥221.3m | CN¥304.4m | CN¥244.8m | CN¥206.1m | CN¥223.7m | CN¥169.2m | CN¥227.8m |
| Operating income | CN¥75.9m | CN¥94.1m | CN¥86.6m | CN¥91.2m | CN¥72.1m | CN¥111.3m | CN¥7.0m | CN¥61.7m |
| Net income | CN¥53.1m | CN¥71.4m | CN¥34.6m | CN¥71.0m | CN¥48.6m | CN¥93.2m | −CN¥5.2m | CN¥50.5m |
| Diluted earnings per share | 0.08 | 0.11 | 0.05 | 0.11 | 0.08 | 0.14 | -0.01 | 0.08 |
| Cash from operations | — | — | — | CN¥63.0m | CN¥331.0m | −CN¥265.0m | — | −CN¥105.0m |
| Capital spending | −CN¥27.0m | −CN¥45.0m | −CN¥31.0m | −CN¥38.0m | −CN¥32.0m | −CN¥37.0m | −CN¥30.0m | −CN¥15.0m |
| Free cash flow | — | — | — | CN¥25.0m | CN¥299.0m | −CN¥302.0m | — | −CN¥120.0m |
| Total assets | CN¥8.14bn | CN¥8.37bn | CN¥8.65bn | CN¥8.24bn | CN¥8.14bn | CN¥8.04bn | CN¥8.12bn | CN¥7.53bn |
| Cash and short-term investments | — | — | — | CN¥2.27bn | CN¥2.25bn | CN¥2.04bn | CN¥2.32bn | CN¥2.00bn |
| Debt | — | — | — | CN¥1.40bn | CN¥6.0m | CN¥16.0m | CN¥16.0m | CN¥30.0m |
| Shareholders' equity | CN¥4.01bn | CN¥4.08bn | CN¥4.01bn | CN¥4.06bn | CN¥3.99bn | CN¥4.01bn | CN¥3.92bn | CN¥3.93bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 17.4% | 15.0% | 15.7% | 17.9% | 18.4% | 22.0% | — |
| Operating margin | 5.8% | 3.6% | 2.8% | 3.0% | 3.9% | 8.9% | — |
| Net margin | 4.4% | 2.7% | 2.1% | 2.2% | 2.7% | 7.3% | — |
| Return on equity | 6.2% | 3.5% | 2.6% | 2.5% | 3.1% | 6.8% | — |
| Return on assets | 2.9% | 1.7% | 1.4% | 1.3% | 1.6% | 3.8% | — |
| Free cash flow yield | 22.1% | 18.2% | 18.1% | 10.0% | 30.9% | 16.8% | — |
| Revenue growth | 12.6% | 5.1% | 12.6% | 2.5% | 21.9% | -0.7% | — |
| Earnings growth | 81.3% | 36.7% | 5.2% | -15.7% | -54.4% | 40.0% | — |
| Current ratio | 1.59x | 1.68x | 1.79x | 1.78x | 1.78x | 1.92x | — |
| Debt to equity | — | 0.00x | -0.02x | 0.01x | -0.01x | 0.24x | 0.23x |
| Equity ratio | 46.3% | 48.2% | 52.0% | 53.2% | 53.2% | 55.5% | — |
| Interest coverage | 238.67x | 55.24x | 30.99x | 16.17x | 23.34x | 54.56x | — |
| R&D as a share of sales | 5.2% | 5.6% | 5.9% | 6.4% | 6.1% | 6.1% | — |
| Buybacks as a share of market value | -1.9% | -5.0% | 8.1% | -34.2% | 27.7% | -5.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.0% | 10.7% | 6.5% |
| Operating income | 37.3% | 7.3% | -1.7% |
| Net income | 37.6% | 0.0% | -2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.3% | 16.5% | 17.5% | 21.1% |
| Operating margin | 4.7% | 3.9% | 4.2% | 5.6% |
| Net margin | 3.6% | 3.0% | 3.5% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.7 | 30.9 | 45.3 | 49.1 | 36.5 | 16.4 | 17.6 | 12.6 | 18.3 | 20.9 |
| Price to sales | 1.0 | 0.8 | 0.9 | 1.1 | 1.0 | 1.2 | 0.9 | 0.6 | 1.6 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 20 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.06 | 0.03 | 0.04 | 0.08 | 0.06 | 0.06 | 0.067 |
- 3-for-2 split · 28 May 2018
- 13-for-10 split · 9 Jun 2014
- 13-for-10 split · 3 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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